-Refer to Exhibit 9-4

question 96

Multiple Choice

-Refer to Exhibit 9-4.Which of the following is true at the Real GDP level of Q₃?

• A) The unemployment rate is equal to the natural unemployment rate.
• B) The cyclical unemployment rate is zero.
• C) The economy is in long-run equilibrium.
• D) all of the above
• E) none of the above

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Definitions:

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.

Novel Ideas

New, original, and innovative concepts or thoughts that have not been previously considered or explored.

Ability

The possession of the means or skill to do something.

Intersection

In mathematics and set theory, the set of elements that are common to two or more sets.